Business Tax Recovery Logo


Tax Credit Consulting: Retirement Savers Contribution Juneau AK

Americans doesn't do well in saving for retirement. Well, the government is offering the retirement savers contribution tax credit to change this for some of us. Keep on reading for details of this issue.

Logan General Tax Practice
(907) 789-3894
2245 Jordan Ave
Juneau, AK
 
Hauber & James Tax & Financial Services Inc
(907) 789-3091
9340 Glacier Hwy Ste 43b
Juneau, AK
 
Mr. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

Data Provided by:
H&R Block
(907) 283-4889
11312 KENAI SPUR HWY
KENAI, AK

Data Provided by:
Liberty Tax Service
(866) 871-1040
322 Muldoon Rd # B
Anchorage, AK

Data Provided by:
H&R Block
(907) 789-9898
3017 CLINTON drSTE 100
JUNEAU, AK

Data Provided by:
Hutton & Hauber Tax & Accounting Services Inc
(907) 789-3091
9340 Glacier Hwy
Juneau, AK
 
H&R Block
(907) 646-9864
3101 PENLAND PARK STE H-2
ANCHORAGE, AK

Data Provided by:
H&R Block
(907) 336-1477
9220 LAKE OTIS pkwy UNIT A-1
ANCHORAGE, AK

Data Provided by:
Liberty Tax Service
(866) 871-1040
11409 Business Blvd # 1201
Eagle River, AK

Data Provided by:
Data Provided by:

Tax Credit Consulting: Retirement Savers Contribution

Retirement Savers Contribution Tax Credit

It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering the retirement savers contribution tax credit to change this for some of us.

Social security is going to be under siege as baby boomers hit retirements. Fortunately, many baby boomers have put away piles of cash in 401ks and IRAs. Regardless, most people fail to do all they can in this regard. In an attempt to motivate us taxpayers to save as much as we can for retirement, Uncle Sam is dangling tax credits before us like the proverbial carrot.

The tax credit in question is the Retirement Savings Contributions Credit. Qualify for it and you may be eligible to take a credit of $1,000 for singles and $2,000 if you're filing jointly. The credit is eligible for those that make contributions to 401ks and retirement vehicles. The amount of the credit is determined on a sliding scale based on how much you make and contribute.

You can claim the retirement savings tax credit:

1. Individual taxpayers with incomes of $25,000 or less.

2. Individual taxpayers that are head of households and make $37,500 or less.

3. Married couples filing jointly who make $50,000 or less cumulatively.

There are some very minor restrictions regarding who is eligible for the tax credit. First, you have to be older than 18. Second, you can't be a full time student. Finally, another dependent can't claim you as a depe...

Click here to read the rest of this article from BusinessTaxRecovery.com